Emcore (EMKR) Misses Q4 EPS by 2c

Emcore (NASDAQ: EMKR) reported Q4 EPS of $0.12, $0.02 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $29.2 million versus the consensus estimate of $30.29 million.

Jeffrey Rittichier, EMCORE's President and CEO commented, “EMCORE completed an outstanding fiscal year 2017 with a 34% growth in revenue and 182% growth in profits over the last year. We did this with 38% lower headcount and a smaller fixed cost base in production.” Rittichier continued by saying “EMCORE now has the foundation to increase our non-CATV revenue to 30% for the next year as well as improve non-GAAP operating margins to 15% as we exit fiscal year 2018.”

EMCORE anticipates increasing our non-CATV revenue to 30% for the next year as well as improving non-GAAP operating margins to 15% as we exit fiscal year 2018.

For earnings history and earnings-related data on Emcore (EMKR) click here.

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